Strategic Plan

MISSION STATEMENT

The purpose of the Government Finance Officers Association is to enhance and promote the professional management of governments for the public benefit by identifying and developing financial policies and best practices and promoting their use through education, training, facilitation of member networking, and leadership. 

GFOA OBJECTIVES WITH RELATED STRATEGIES AND ACTION ITEMS FOR THE 2011- 2012 BIENNIAL BUDGET

  • Objective 1: Expert Knowledge. Continue to be recognized as a leading source of expert knowledge in public financial management by exercising leadership in research, recommended practice and policy development and information dissemination.
      • Strategies
        • Serve as a recognized source of information on matters involving financial management, tax policy and the impact of state, provincial, and federal fiscal policy on local governments and the economy.
        • Serve as a clearinghouse for financial management issues and resources.
        • Provide forums for discussing policy issues and developing policies and recommended practices.
        • Engage in research and consulting activities that lead to the development of financial management best practices.
  • Objective 2: Education and Training. Enhance the expertise and professionalism of financial managers and policy makers and provide recognition for their achievements.
      • Strategies
        • Increase the accessibility of training, especially to governments that are not able to send employees to national training programs or the annual conference.
        • Identify and meet the information and training needs of finance managers and policy makers.
        • Promote ethical, legal and professional conduct by members in the fulfillment of their professional responsibilities.
        • Provide clear and comprehensible information on relevant technologies to governments through articles, books, annual conference sessions, electronic seminars and presentations, and the GFOA website.
        • Identify skills and capabilities needed by finance managers within the various areas of expertise within the government finance profession and provide training and educational support accordingly.
  • Objective 3: Leadership Development. Engage in efforts to assist finance officers to develop the skills and capabilities necessary to enable them to become organizational leaders as well as technical experts.
      • Strategies
        • Increase awareness among finance officers of their role in organizational strategy and broaden and improve the leadership skills of finance officers by focusing on managerial, technology, and communication skills.
        • Identify internal and external training and development resources related to leadership development and make them readily available to GFOA members.
        • Provide information and support to finance officers to assist them in taking a leadership role in their government’s efforts related to environmental sustainability
  • Objective 4: Raising Public Awareness of Sound Financial Policy and Practice. Take leadership in promoting public awareness of policies and practices that enhance sound financial management of public resources. Strategies Take leadership role in identifying issues related to government finance and work with other government associations to articulate current GFOA policy and practice to executive, legislative and judicial branches of the federal government and, if necessary, to develop alternatives for federal legislation and regulation. Promote GFOA’s policies and expert opinion to the Governmental Accounting Standards Board and to other standard-setting and regulatory bodies. Promote public finance as a career and a profession.
  • Objective 5: Enhanced Cooperation. Cooperate with and complement the services provided by other organizations (U.S., Canadian and international) to increase the effectiveness of GFOA.
      • Strategies
        • Continue to maintain effective relations with state and provincial finance officer organizations and state and provincial representatives.
        • Engage in efforts to assist GFOA members and their governments to participate and compete in a global economy by identifying and sharing information on innovative financial management techniques internationally.
  • Objective 6: Strategic Use of Technology. Provide information and analytical tools to help governments identify and apply appropriate, economical technologies to support efficient resource allocation, quality services and effective decision-making and to promote citizen involvement.
      • Strategies
        • Integrate information on the use of technology in government financial management into strategies and action items that support each of the objectives contained in GFOA’s strategic plan. (See supporting strategies and action items within other sections of this Strategic Plan.)
  • Objective 7: Association Operations. Conduct the operations of the Association in a manner that exemplifies the highest standards of financial management and member service.
      • Strategies
        • Increase members’ use of GFOA’s electronic channels, especially the GFOA website, by providing easy access to GFOA information and services, supporting electronic networking among the membership, continuously updating GFOA content, and providing links to other web content.
        • Design and use feedback mechanisms such as surveys and focus groups to elicit information on member preferences related to GFOA programs and services. Ensure effective staffing to support Standing Committees
        • Attract and retain a high-quality and diverse staff. Continue to maintain a diverse financial base. Increase member awareness of GFOA services and promote broad participation by members in educational, publication, conference, committee, and award program activities.
        • Better serve the needs of finance officers in school districts and other special districts by informing them of GFOA services and activities.
        • Establish association mechanisms to identify and address demographic changes as they relate to government finance professionals and the needs of member governments. Manage association operations consistent with environmentally sustainable practices.